Pierce W.
Is there a "rule" when/when not to file an insurance claim?
I fix and flip mainly in the inner city of Chicago. The positives to this is I get properties for substantially less than in the suburbs, and the pool of buyers is a bit wider. The major drawback is I have to deal wit...
Dennis Chiem
Divorce and rentals, options?
Hey BP! My name is on the mortgage but both of ours is on title, of two rental properties. She doesn't want to split them (I keep one, she keeps one). Neither of us want to sell them. She likely won't qualify for ...
Jake Morin
Self-Employment Taxes (Medicare and Social Security Taxes)
Good morning all, Hope everyone is enjoying the busy season. I have been reading a few posts on BP forums (that are 3-5 years old) about self-employment taxes which state that if your average stay is less than seven d...
Jonathan Colon
New investor in the Tampa Florida area
Hello,My name is Jonathan Colon,I am very new to investing and would appreciate any advice or help of any kind. My love for real estate started very early on, and I became a real estate agent right out of high school....
Sonny Sach
Purchase Single Family House to rent - Tax filing
Hi,I just purchased a single family property at the end of last year. I did not have a tenant until Jan 15th. Is there anything like the closing costs, the 20% deposit, inspection fees etc. that I can write off or t...
Benjamin J Haithcoat
*****Raising credit score questions******
Hey everyone,
Seeing as having good credit is a must in this business, can anyone give me any advice on how to raise my credit score. I need to raise it about 50 points in order to qualify for a loan. My credit drop...
Kaitlyn Beard
Should I do an LLC?
I currently own two properties in which one I rent out and one I am house hacking. Soon, I plan on buying my third property. However, I love the benefits of an LLC, part of me is leaning toward no LLC and just have in...
Nick Bruckner
Costco vs Walmart as business models in Multifamily REI
Some landlords/multifamily investors don't think much about their tenants' best interests and might have pride of ownership in their own home, but not in their portfolio of properties. No one aspires to be a slumlord,...
Kristin Kiddy
Denying a Tenant's Application
Hi all,Well the house is renovated and listed for rent! And we've gotten some "interesting" enquiries! But we also got a tenant application who I have to deny. Here is the scenario and I would appreciate any advice...
Darius Kellar
I Finally Hired My First Part-Time Employee
After starting my real estate journey in 2014 and for many years after, I did not understand the impact of having a consistent person to do tasks. In the past, I would have most of the tasks completed by a large compa...